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Other Real Estate Owned (Tables)
12 Months Ended
Dec. 31, 2017
Other Real Estate Owned [Abstract]  
Schedule of Real Estate Properties



 

 

 

 



 

 

 

 

(in thousands)

2017

2016

Commercial real estate

$

3,605 

$

3,779 

Acquisition and development

 

5,295 

 

5,944 

Commercial & Industrial

 

24 

 

24 

Residential mortgage

 

1,217 

 

1,163 

                 Total OREO

$

10,141 

$

10,910 



Other Real Estate, Roll Forward



 

 

 

 

(in thousands)

2017

2016

Balance January 1

$

3,535 

$

4,430 

Fair value write-down

 

398 

 

486 

Sales of OREO

 

(1,193)

 

(1,381)

Balance December 31

$

2,740 

$

3,535 



Schedule of Components of OREO

The following table presents the components of OREO expenses, net, for the years ended December 31, 2017 and 2016:







 

 

 

 



 

(in thousands)

2017

2016

Gains on real estate, net

$

(645)

$

(189)

Fair value write-down

 

398 

 

486 

Expenses, net

 

616 

 

603 

Rental and other income

 

(179)

 

(98)

    Total OREO expenses, net

$

190 

$

802